2020 Universal registration document and annual financial report - BNP PARIBAS 305
5risks and CaPital adequaCy Pillar 3
5
Capital management and capital adequacy
■ unregulated entities of the real estate services (BNP Paribas Real Estate) and long-term vehicle leasing (Arval) businesses that are fully consolidated within the accounting scope are consolidated under the equity method within the prudential scope;
■ jointly controlled entities are consolidated under the equity method in the accounting scope and under the proportional consolidation method in the prudential scope.
The differences between the accounting and prudential scopes of consolidation are summarised in the table below.
➤ TABLE 9: DIFFERENCES BETWEEN THE ACCOUNTING AND PRUDENTIAL SCOPES (EU LI3)
Name of the entity
31 December 2020
Method of accounting consolidation
Method of regulatory consolidation
Description of the entity
Full consolidation
Proportional consolidation
Equity method
Neither consolidated nor deducted
BNP Paribas Cardif and its subsidiaries(*) Full consolidation x Insurance
BNPP SB Re Full consolidation x Insurance
BNPP Vartry Reinsurance DAC Full consolidation x Insurance
Decart Re Ltd Full consolidation x Insurance
Darnell DAC Full consolidation x Insurance
Greenval Insurance DAC Full consolidation x Insurance
Le Sphinx Assurances Luxembourg SA Full consolidation x Insurance
Greenstars BNPP Full consolidation x Insurance
BNP Paribas Real Estate and its non-regulated subsidiaries(*) Full consolidation x
Real-estate services
Arval and its non-regulated subsidiaries(*) Full consolidation x
Long-term car leasing
Collective investment funds(**) Full consolidation x Asset management
Bantas Nakit AS Equity method x Retail Banking
Solfinéa Equity method x Specialised loans
Bpost banque Equity method x Retail Banking
Euro Securities Partners Equity method x Retail Banking
Genius Auto Finance Co Ltd Equity method x Specialised loans
FScholen Equity method x
Corporate and Institutional Banking
Lyf SA Equity method x Internet financial services
Lyf SAS Equity method x Internet financial services
Partecis Equity method x Retail Banking
Services Logiciels d Intégration Boursière Equity method x Specialised loans
Union de Creditos Inmobiliarios SA Specialised loans
United Partnership Equity method x Specialised loans
Fonds Commun de Créances UCI and RMBS Prado Equity method x Specialised loans
(*) BNP Paribas Cardif, BNP Paribas Real Estate and Arval subsidiaries are identified in the note 7.j to the consolidated financial statements (footnote (2)). (**) Collective investment funds are identified in the note 7.j to the consolidated financial statement (footnote (4)).
